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EUR/USD: The Battle of Europe and US PMIs Overall, the past week favoured the dollar, but the advantage over the European currency was minimal. If you look at where the EUR/USD pair was on 15 May, it returned to this zone on 24 May, regaining the losses of recent days. Recall that the report from […]

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11/09/2024

Japanese Yen Taking a Leap This Morning

Markets Momentum changed yesterday from the US opening as core bonds steamed ahead. The move was triggered by another sudden drop in oil prices. Brent crude prices opened around $72/b, but a break below the recent lows ($70.6 area) accelerated the downleg with an intraday low near $68.5/b. Commodity prices like oil or iron ore […]

Market Analysis: AUD/USD and NZD/USD Trim Gains, Are Bears Back?

AUD/USD declined below the 0.6720 and 0.6700 support levels. NZD/USD is also moving lower and might struggle to recover above 0.6200. Important Takeaways for AUD/USD and NZD/USD Analysis Today The Aussie Dollar started a fresh decline from well above the 0.6700 level against the US Dollar. There is a connecting bearish trend line forming with […]
06/03/2024

Renminbi (USDCNH) Bullish Corrective Sequence Still Incomplete

In the last years, the renminbi made a pause in his attempt to get stronger against USD dollar. In February 2014, renminbi found support at 6.0153 as wave ((III)) and from there it made a perfect zig – zag correction structure to equal legs at 7.1964 in June 2020. After these 3 swings, USDCNH should […]